Alnamlah Abdulaziz M 4
4 · US SOLARTECH INC · Filed Jul 23, 2010
Insider Transaction Report
Form 4
US SOLARTECH INCNONE
Alnamlah Abdulaziz M
Director10% Owner
Transactions
- Conversion
Preferred Stock
2010-05-17$0.90/sh−666,666$599,999→ 0 totalExercise: $1.50→ common (1,201,613 underlying) - Other
Sept 30, 2009 Loan
2010-05-17$0.50/sh+250,000$125,000→ 416,666 totalExercise: $0.50From: 2009-09-30Exp: 2011-09-30→ common (416,666 underlying) - Other
May 15, 2010 Loan
2010-05-17$0.50/sh+83,334$41,667→ 83,334 totalExercise: $0.50From: 2010-05-15Exp: 2011-09-30→ common (83,334 underlying) - Conversion
Common Stock
2010-05-17$0.90/sh+1,201,613$1,081,452→ 1,868,280 total
Footnotes (2)
- [F1]Column 4 - (J):On May 17, 2010 as part of an equity transaction, the direct owner converted all of his Preferred Stock and unpaid dividends into the Company's shares of common stock at $.90 per share; the original conversion price was $1.50. In addition, the direct owner has agreed to purchase approx. $270,000 of the Company's shares of common stock at $.50 per share by May 31. Also, $41,667 of the Subordinated Sept 30, 2009 Loan was reclassified as a Senior May 15, 2010 Loan. The conversion price on the remaining subordinated Sept Loan of $208,333 was changed from $1.50 to $.50.
- [F2]NONE